DIRS.INFO The most relevant business & tech news

☆ As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income
▼ + stars: | 2024-05-07 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Gig work, in particular ride-hailing for companies like Uber and Lyft, is getting more popular. AdvertisementMore and more Americans are taking up gig work for companies like Uber and Lyft — in part because some have fewer options to land high-paying jobs. Additionally, BofA found that people with ride-hailing income earned, on average, more a month than those who did delivery gig work. Vacation rental was the highest-earning gig BofA measured, but this is only accessible to people with a home to rent out. While some young people could value the supplementary income gig work can provide — particularly if they're struggling to pay the bills — others may end up disappointed.

Persons: Uber, —, Lyft, BofA, it's, they've, Kate Bahn, X, Gen, they're Organizations: Service, Bank of America, Bank of America Institute, Bureau of Labor Statistics, Institute for Women's, Research, Atlanta Fed, millennials

☆ How 2 participants in Houston's basic-income program plan to spend the $500 a month: 'When you live paycheck to paycheck, it's horrible'
▼ + stars: | 2024-04-23 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

He knows the GBI money will help him breathe a little easier. Uplift Harris' program will begin payments in the meantime, according to the office of Precinct 1 Commissioner Rodney Ellis. Uplift Harris participants hope the program will make them more financially stableGuaranteed basic income is an increasingly popular solution to combat poverty in US cities. GBI participants have previously told BI that they used the funds to secure housing and food, pay off debt, and afford school supplies for their children. Have you benefited from a guaranteed basic income program?

Persons: —, Delwin Sutton, doesn't, Sutton, Ken Paxton, Harris, Paxton, Rodney Ellis, Sutton doesn't, Dustin Palmer, We've, Palmer, Jay Carter, isn't, Carter, Still, Harris County Attorney Christian D, Menefee Organizations: Service, Business, Harvard, Yale, Texas Attorney, Services, American, Republican, Harris County Attorney, Austin, South Dakota Republicans, doesn't Locations: Houston, Harris, Harris County, GBI, Texas, Austin, San Antonio, El Paso County, The Arizona, South Dakota, Iowa

☆ More and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.
▼ + stars: | 2024-04-18 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Many ALICEs are workers whose wages typically aren't enough to cover their bills, meaning they live paycheck to paycheck. And while those measures might reach the most financially distressed Americans, the benefit cut-offs leave behind the still-precarious group of ALICEs. Some state-to-state benefits are often available to individuals and families earning 200% to 250% of the Federal Poverty Level. Simultaneously, over the last 12 years, ALICEs have been falling behind on wage increases. AdvertisementIndeed, many Americans aren't necessarily falling into poverty, but they are increasingly teetering toward becoming ALICEs.

Persons: —, ALICE, ALICEs, Stephanie Hoopes, United For ALICE, Hoopes, ALICE would've Organizations: Service, United Way's, Business, Survey, United For, SNAP Locations: Montana, Idaho, ALICEs, Florida, Utah

In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas. AdvertisementYounger Americans are facing stagnant incomesThe Dallas Fed found that, even after a post-pandemic dip, the rate of disconnected youth has increased since the end of the 1990s. AdvertisementAnd the number of young adults with no income has been on the rise; in 1990, around one in five young adults said they had no wage or salary income. Are you or were you a "disconnected youth," or supporting one?

Persons: —, Louis, Gen, Zers, Louis Fed's, Louis Fed, William M, Rodgers III, Rodgers Organizations: Service, Louis Federal Reserve's Institute for Economic Equity, Business, Federal Reserve Bank of Dallas, Dallas Fed, Federal Reserve's Survey, Consumer, Louis Fed, National Health, Blacks, Louis, Louis Fed's Institute for Economic Equity

☆ Half of Americans would take a pay cut to work remotely — and many are willing to give up vacation days, survey finds
▼ + stars: | 2024-03-13 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Many workers are willing to take pay cuts, increase working hours, or give up benefits for remote work. AdvertisementIt turns out that remote work is still valuable — at least for prospective employees. And they're willing to pay for that ability: Half of workers surveyed said they would take a pay cut for the policy. AdvertisementA majority of workers also reported being willing to move elsewhere for work if given the chance to work remotely. AdvertisementJay, an elder millennial, previously told Business Insider that he took a $35,000 pay cut so he wouldn't have to live near his office.

Persons: —, they'd, Millennials, that's, Nick Bloom, Jay, Insider's Aki Ito Organizations: Service, Stanford, WFH Research, Workers, Harvard Locations: Washington

☆ Austin gave people $1,000 a month with no strings attached. One participant said the money helped her get by — but she's still struggling to get housed.
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

As a participant in the Austin Guaranteed Income Pilot , she received $1,000 monthly for a year between August 2022 and August 2023 to help her “survive more comfortably,” she said. Though, the program didn’t fix all her issues and she hasn’t gotten back on her feet after losing her job. AdvertisementThe Austin program and a new program in Harris County , home to Houston, have been met with resistance from politicians who allege these programs are unconstitutional. Joining the Austin Basic Income PilotNairns said she learned about the Austin Basic Income Pilot through another organization called the Austin Area Urban League, which helps low-income families. While still receiving payments, she was laid off at Austin Mutual Aid, losing her housing and car the same day.

Persons: —, Jessica Nairns, She’s, ”, hasn’t, ” Nairns, “, Austin, Ivanna Neri, Neri, ” Neri, Nairns, wasn’t, “ I’m Organizations: Service, Business, Austin, Urban Institute, Austin Mutual Aid, Austin Area Urban League, ” Locations: Austin, City of Austin, Texas, UpTogether, Washington, DC, Harris County, Houston, Dallas, Ohio

☆ A lack of employee engagement at work could cost the economy nearly $2 trillion
▼ + stars: | 2024-01-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Employees who aren't engaged at work may cost the economy $1.9 trillion, according to Gallup. Workers feel increasingly disconnected from their workplaces and feel their expectations are unclear. AdvertisementA lack of employee engagement at work may cost the economy nearly $2 trillion as workers are dealing with unclear expectations, weak connections to their companies, and lower satisfaction levels. This comes as the proportion of employees in hybrid and remote positions stabilizes, as 52% of those in remote-ready jobs work hybrid. These include discussions about employee strengths and goals, opportunities for collaboration, and how employees' work impacts the larger organization.

Persons: aren't, —, they're, Jim Harter, Harter, midyear, Gallup, " Harter Organizations: Gallup, Workers, Service, Employees

☆ A driver made over $110,000 from Uber and Lyft in 2022 but took home only $14,000. After 6 years on the job, he's working toward a degree and a new career.
▼ + stars: | 2024-01-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Michael, a ride-hailing driver in his late 30s, made more than $110,000 in gross earnings driving for Uber and Lyft in 2022. He said he'd noticed ride-hailing driving had become increasingly less profitable after more than 17,000 rides across six years. AdvertisementAmericans with disabilities are increasingly looking to gig work — particularly ride-hailing driving — to pay their bills and to find work schedules that fit their needs. But for drivers such as Michael, gig work is unsustainable, given all the associated costs that go into ride-hailing driving and the lack of benefits. AdvertisementHe switched to Uber full-time shortly after, driving in the nighttime as rides were most profitable and competition was sparse.

Persons: Michael, Uber, who's, he'd, He's, we're, —, wasn't, hasn't Organizations: Service, Business, Uber, New Jersey —, Arizona State University, Diamond Locations: New Jersey, New York City, New Jersey — New York, York, nsheidlower@businessinsider.com

☆ 10 cities where millennials are moving
▼ + stars: | 2023-11-27 | by ( Noah Sheidlower | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

One in four millennials moved to a different city in 2022, many for work or cost of living concerns. Nearly 17,300 millennials relocated to Cambridge in 2022, bringing the total percentage of millennials to 38% of the total population. Seattle and Sunnyvale, California, also saw comparable moves, as millennials who moved in 2022 made up about 12.5% of the total population for both cities. When looking at the top cities by percentage of total millennials compared to the total population, Jersey City, New Jersey, ranked first at 41.5%, followed by Seattle, Denver, and Austin. However, Port St. Lucie in Florida had the lowest rate of millennials moving in compared to the total population at 4.8%, followed by Brockton, Massachusetts.

Persons: —, Jaclyn DeJohn, millennials, Millennials, DeJohn, SmartAsset, Gen Xers Organizations: Cambridge, Service, Survey, Business, Harvard University, Massachusetts Institute of Technology, Intel, Nvidia, Lone Star State, Waco, Fort Hood, Fontana Locations: Santa Clara , CA, Seattle, Cambridge , Massachusetts, Santa Clara , California, Boston, Cambridge, Santa Clara, Silicon Valley, Santa Clara's, Georgia, Sandy Springs, Sunnyvale , California, Denver, Bellevue , Washington, Arlington , Virginia, millennials . Arlington, Hialeah , Florida, Arlington, Killeen , Texas, Austin, Jersey City , New Jersey, Port St, Lucie, Florida, Brockton , Massachusetts, Cities, California, Santa Ana, Moreno, Surprise , Arizona, Bend , Oregon, Scottsdale , Arizona, Orlando . Florida

Search resuls for: "nsheidlower@businessinsider.com"

9 mentions found